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Search Results 0 to 16 of about 17 (some duplicates have been removed)
. scott cohen has a new report on student debt and it is a scary one. hi, scott. >> that's right, we have scary numbers coming up and a disturbing question a lot of people are starting to ask. is a whole generation of consumers now starting out behind the eight ball? we delve into what coming up. >> coming up, "power lunch," startups give us their 60-second pitch. >> and we give you insight into the past paced world of vep venture capitol. >> are you in or out? >> stay tuned to find out. [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay alive... but feel alive. the new c class is no exception. it's a mercedes-benz through and through. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still p
-public information with his boss, the billionaire hedge fund manager steve cohen of sac capital. martoma's big tip allegedly taking place during a 20-minute phone call to cohen the day before the news of the drug failing a key trial became public. sac sold its position before that public announcement netting the firm a profit and avoiding losses totaling $276 million. sac declined comment on today's arraignment and they claim they acted appropriately and are cooperating with the government. martoma is the fifth sac employee to be charged with securities fraud while working at the hedge fund. one other has been named as a co-conspirator. martoma also seemed critical to securing what many believe is the government's ultimate catch, mr. cohen. because of the phone call that he made to mr. cohen in july of 2008. unlike three other former sac employees though, he has refused to cooperate or strike a deal maintaining all the while that he is innocent. now today's arraignment should be quick. basically mr. martoma will enter his plea and then possibly the judge will likely set a schedule for discovery or
's check in with dr. ron cohen, the founder and ceo of acorda therapeutics. welcome back to "mad money." >> thanks very much, jim. >> i was going back to our interview in july of last year, and so much has changed. at the time you were only talking about pre-clinical or rat studies of what your drug could be for stroke. since then, i was looking at your presentation this morning -- this week. 66 people with stroke, at least six months trying this. give me the progression. there have got to be people initially happy with the post stroke deficit study. >> well, it's still a blinded study, jim. that means we have no idea who's done well on placebo versus drug, but we're going to find out pretty soon. we're getting the results of that trial in the second quarter of this year. we're very excited to see those results. >> i think people want to understand, it's not just everybody who has had a stroke. it's a particular kind of people who face a stroke problem, right? >> yeah, well, about half the people who have had a stroke wind up with permanent disabilities. as a result, reduced mobility,
led by steven cohen has been major force for years. investigating involving insider trading may take a bite out of their business. the hedge fund is bracing for an exodus with client withdraws that might go as high as $a million dollars this year. dana joins us now from london. dana, how big a hit are they expected to take in terms of client withdraws and how do we gauge that because they have so much money under management and a lot of the money is management's money. >> right. well, what we said in the story is at least a billion. so the sense we get is that it could be more than a billion. the break down -- it is an unusual firm. most of its assets belong to insiders, namely steve cohen, founder of the firm. to the tune of about $8 billion. it is a $14 billion fund in total. then there's about 6 billion of outside money. we are focussing on the outside money right now. if they were to lose a billion dollars of outside money, they probably couldn't survive that. i think there's two potential risks tore them. one is that the operations of the firm are funded largely from fees derive
about hedge funds being very aggressive and we all know there's the wagons circling around steve cohen. can you tell me about that case? >> i don't talk about particular cases ever. >> okay. in terms of the areas of financial services in which you -- that skirt the line, if you will. can you name areas that you think are more aggressive than others? >> there's nothing wrong with being aggressive. the problem is when people think that they can get as close to the line as possible and they aspire to the minimum, just staying over the line. there are too many people who get the wrong message and then cross the line. a lot of times they gallop over the line. and that's where we come in. part of the disheartening thing of the insider tradingases we brought over the last years is you're finding that misbehavior in a lot of sectors. not just trading firms but also inside companies. but the problem is it's all over. we have to make sure the enforcement efforts address all of it. >> you stepped up your efforts. you've become more sophisticated and aggressive. for instance, the wiretapping. ever
correspondent scott cohen joins me now. good evening. >> good evening, larry. it is a big problem. enough so now that lentders and credit rating agencies are starting to look at the potential impact on a whole generation of borrowers. the ones who are supposed to have spending power and the early signs aren't good. a new study from transunion. average debt more than $23,000. up 30% in the past five years. more than half of all student loans now in deferral including payments deferred while the borrower is in school but also borrowers who get deferrals for financial hardship. delinquencies are up from five years ago. more than twice the delinquency rate for mortgages and more than ten time it is rate for credit cards. the problem isn't the level of student debt only. it's a that the job market is the worst in more than a decade for new grads. 50% unemployed or underemployed. >> that's a brutal report. my only thought listening to you and the numbers, are we headed for bailout nation? is this a taxpayer bailout? >> it looks bad. if you compare it to the housing market we are talking about a trilli
. scott cohen is here with the story and ways to protect yourself more importantly. hi, scott. >> this is a crime of choice for identity thieves. they see it as easy to commit tough to enforce and it is hell on victims. >> that's her in my dress. >> for terry and stephanie, it was an ep log to their worst nightmare. >> it was awful. >> still mourning the death of their 5-month-old daughter, katelynn, they filed their tax return but the irs rejected it. someone else already claimed katelynn as a dependent. >> felt violated. >> and the very last time we today claim her as our own. >> tax identity theft, virtually unheard of, a few years ago, is exploding. total cost more than $5 billion. in alabama, the owners of this tax preparation business admitted stealing hundreds of identities aeb millions of dollars in refunds. in florida, police are breaking up parties, featuring lessons on tax identity theft. they believe crooks got katelynn's identity from a social security death file. public record. >> anyone who dies goes on this list. >> at the justice department, tax division, wher
kuzami who will step down next month after four years. scott cohen sat down for an amazing interesting interview. >> amazing how the s.e.c. has opened up. they are more confident. robert khuzami worked for mary jo white at one time and like her she he's seen wall street from all sides. he was a federal prosecutor and just before heading to the s.e.c. he was a general counsel on wall street at deutsch bank. has he been tough enough on his former colleagues? khuzami says yes. >> there was misconduct. we're going after it. but there are pages of risk disclosure. lawyers reviewed this material. in many case it is risks that later came to pass were disclosed. >> you used to be a wall street lawyer. are they that smart, that good? >> if you buy an investment product and you're warned of a risk that something may happen and that comes to pass, the law says the person who sold it to you hasn't violated the law. >> that's not to say khuzami and company haven't been tough on wall street. the s.e.c. said since he took the job in 2009 more than 150 people have been charged and 2.6 billion dollars
cohen's sap capital could be bracing from the big hour of squawk. you can't afford to miss this next deal in congress. it's going hit your take home pay line by line. it's more money than you might have thought coming up at 7:00 eastern time. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. >>> welcome back to "squawk box" this morning. u.s. equities at this hour, we have red arrows. dow off about 11 points this morning. the nasdaq off 1.5 points. s&p 500 marginally off about a point this morning. sap capital telling business employees and parter ners it's bracing for employee withdraw. the journal says this is amid intense regulatory scrutiny of alleged insider trading at sac. worth noting, only around 6 billion comes from outside incident investors. the rest is his money. clients have unti
the sasha baron cohen thing going. we'd love to hear from you. >>> mary thompson has more for us. >> shares of western digital, top performer in the s&p 500 right now. just up over 4%. it reports earnings tomorrow. today getting a bit of a lift from an addition to the portfolio of storage products for small and medium size businesses. again, this is coming off a nice run for a lot of these storage companies, since november. some optimism on earnings as well. the rival sea gate technology reporting strong sales. a positive forecast when it reported earlier this month. back to you guys. >> thanks a lot, mary. the when we come back, the coo of las vegas sands on the state of gaming and the bets his company is making overseas. we're back in a minute. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ >>> good morning. welcome back to los angeles to the wor
cohen, amid this big investigation on insider trading is in davos. a number of people have seen him walking around saying hello to people. i don't know if he's talking about the investigation. at a time you might think he would hide, he is out and about. a lot of people talking about who is not here almost sometimes as important as who is on the list. among those who are not coming this year, some big questions about what this means, what it says about davos. the whole google contingent, they used to throw a huge party friday nights the past several years, they opted out completely. what does that mean? bill clinton a regular is not here. and jim bryan and while we're on the air j. they're interviewing derek jeter of all things. i don't know if you can think of derek jeter as a guy at davos. they did lunch together and tina brown tweeting up a storm was actually about lance armstrong. derek said he should have admitted his mistake and moved on but that he fooled everyone, including me, i know, joe, you weren't that fooled. that's what's been going on in davos. we will have more thro
payout is going to be lower. look at this year over year. gary cohen, blankfein. they invite people to stay and blow them up if they -- you know, if you do a piece of business and it backfired a quarter later, huh-uh, call it back. everything gorman is doing is, i think, back to earth. >> it is a different firm than goldman. in the old days, if goldman put up a quarter like this -- >> morgan is up this morning. >> i don't know if there's a lot in the conversation there. they don't expect there to be a -- >> morgan stanley went to the ubs model. >> interesting story here. i don't think they're ready to do it. we brought up day one when we saw the ubs shares climb so high, when they pushed out the investment banking. certainly not fixed income. what does morgan stanley do? would they conceivably consider going that route? i don't know they're ready to yet. but this comp plan in some ways -- >> there's a stream going through all these that people shouldn't be fooled at home about. maybe they're not miking as much as they used to. there's still a tale of two cities in this country. i re
, they need amazon. i still -- listen, kim cohen on last week, still a good story. the real estate investment companies have not been amazon, so to speak, because there are still a lot of new players that want to come in. amazon is just a phenomena. and so many people bet against it. and it has been a terrible bet. >> even with sales tax being paid in many jurisdictions. it was a concern for so long, but it doesn't seem to -- >> it was a bear. >> we should point out before we get to bob pisani, lumina shares down about 9% this morning. the chairman saying at -- roach, excuse me, which we knew had made a hostile bid afforded by lumina last year. that laroche saying they had no interest at this point in pursuing that acquisition. you may recall, those shares rallied sharply towards the end of the year on a french newspaper report that at the time i said i was completely unfamiliar with anything going on there -- >> you said, don't trust it. which was a great call. >> thanks. >> do not trust it. >> it did move the stock up a lot. a lot of that and more being taken out today on that news on i ill
. >> we're going to continue this conversation. coming up cohen and company voice chairman thomas strauss is going to join us to discuss what he's expecting from the markets in 2013. plus how is small business feeling about the state of the economy? national federation of independent business is going to be releasing its latest survey and we've got chief economist to break down those numbers. at 1:45, the aflac duck was brought in with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living expenses? aflac. like his rent and car payments? aflac. what about gas and groceries? aflac. cell phone? aflac, but i doubt he'll be using his phone for quite a while cause like i said, he has a fractured beak. [ male announcer ] send the aflac duck a get-well card at getwellduck.com. [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared informati
more than i need. >> yeah, but most vitamins -- >> i know, the excess washes away. >> right. the cohen ziems and the reaction that you need there for the reaction, but you only need the amounts that you need for it to happen. anything over and above that is superfluous. and it goes out in your pee. so i'm not saying you shouldn't be able to make money with it. in fact, there have been some people who have made a lot of money. herb greenberg has a great documentary, which i watched yesterday online. >> he's focusing on herbalife, which is perfect for him. >> he's been working on it a long time. he's dug into interviews, he's -- was the bottom line? what is the lead for herb's piece spp. >> the question becomes is it a upon zee scheme or not? he talks to the company, he talks to some of the distributors who have had complaints, say that they got drawn into it. in fact, the last quote is from a woman who says this is not what i signed up for. >> do the products help anyone? >> i didn't dig into that. that part was not brought up in these 20 minutes. >> what's the biggest products? >> i do
to the ceo of cohen and company about a possible extension of america's debt limit. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> welcome back to "squawk box." four dow components reporting earnings this morning. all four are on the move. insurance company travelers earned 72 cents a share for the fourth quarter. that was much better than estimated of 14 cents. earnings were helped by a significant increase in underwriting margins and many times we give travelers earnings and scratch our head sometimes. sometimes they're low. sometimes they're high. but the stock price has been a thing of beauty to behold. dupont earned 11 cents a share, excluding certain items. and now it's four cents above estimates. it's 2013 thought look is also indicated higher. verizon reported fourth quarter profit of 38 cents a share. >> but this is where -- >> that was below 50 -- >> the
Search Results 0 to 16 of about 17 (some duplicates have been removed)

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